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Mechanics Bank: Q1 Earnings Snapshot

WALNUT CREEK, Calif. (AP) — WALNUT CREEK, Calif. (AP) — Mechanics Bank (MCHB) on Thursday reported net income of $44.1 million in its first quarter.

The bank, based in Walnut Creek, California, said it had earnings of 19 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 21 cents per share.

The real estate lender posted revenue of $263 million in the period. Its revenue net of interest expense was $200.1 million, which fell short of Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCHB at https://www.zacks.com/ap/MCHB

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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